S&P Futures are down 5 with -1 Fair Value, NASDAQ Futures are down 3 with +2 Fair Value and Dow Futures are down 31 on this action-packed Thursday as the record-setting index streak appears to be taking a potential breather - Asian markets ended mostly up but Europe is down across the board. Time Warner (TWX) is looking to open higher as shareholders voted on Wednesday to support proposed $85 billion acquisition by AT&T (T).

The earnings winner is: NetApp, Inc. (NTAP), up nearly 6%. On the other hand, GNC Holdings, Inc. (GNC) is down nearly 13.5%, GoDaddy Inc. (GDDY) is down nearly 8% and Avon Products, Inc. (AVP) is down nearly 8%.

Futures were down slightly in early morning and declined through the morning, reaching lows near 8:30am and are at the lows as we approach the open.

Asian markets ended mostly up. China gained 0.52%, Hong Kong went up 0.47%, and Japan went down 0.47%. European markets are down. The UK is down 0.31%, Germany is down 0.29% and France is leading the decline, down 0.49%.

Commodities are mixed this morning. Oil is up 0.53%, natural gas is down 0.65% and gold is up 0.51%. Unleaded gas is up 0.01% and heating oil is down 0.89%. Metals are up except copper. Meats are mostly down. Cocoa, coffee, cotton and wheat are up while corn and soybeans are down.

Fewer Americans than forecasted file for unemployment insurance.

SunPower Corporation (SPWR) reported a Q4 adjusted loss of 64 cents per share yesterday afternoon that missed expectations and is down over 4% in pre-market. Applied Materials, Inc. (AMAT) announced Q1 results with adjusted earnings of 67 cents per share that beat expectations and is up over 1%. Cisco Systems, Inc. (CSCO) reported Q2 earnings that topped expectations and is up nearly 1.5%. The Kraft Heinz Company (KHC) announced Q4 results with adjusted earnings of 91 cents per share that beat expectations and is down over 2.5%. NetApp, Inc. (NTAP) reported Q3 results with adjusted earnings of 82 cents per share that beat expectations and is up nearly 6%. CBS Corporation (CBS) is down nearly 2% after announcing an adjusted Q4 loss of $1 per share that missed expectations. Marriott International, Inc. (MAR) is up slightly after reporting Q4 results with adjusted earnings of 85 cents per share that beat expectations. GoDaddy Inc. (GDDY) announced a Q4 loss with adjusted earnings of 10 cents per share that beat expectations and is down nearly 8%.

TripAdvisor Inc. (TRIP) reported Q4 results this morning with adjusted earnings of 16 cents per share that missed expectations and is down nearly 6.5% in pre-market. Waste Management, Inc. (WM) announced Q4 results with profit of 75 cents per share that missed expectations and is down nearly 2%. The Wendy's Company (WEN) reported Q4 results with adjusted earnings of 8 cents per share that missed expectations and is down over 1%. Avon Products, Inc. (AVP) announced a Q4 loss with an adjusted loss of 1 cent per share and is down nearly 8%. GNC Holdings, Inc. (GNC) reported Q4 results with an adjusted loss of 7 cents per share that missed expectations and is down nearly 13.5%.Time Inc. (TIME) is down over 1% after posting an adjusted Q4 profit of 75 cents per share. Duke Energy Corporation (DUK) announced a Q4 loss with adjusted earnings of 81 cents per share that met expectations and is down nearly 0.5%.

This afternoon after the bell, look out for earnings from WhiteWave Foods (WWAV), Nu Skin Enterprises Inc. (NUS) and WebMD Health Corp (WBMD).

AAPL branched upwards to set new highs above 136 among dark clouds looming overhead, ending up 0.36% on higher than average volume. AAPL opened up at 135.52 to high volume and quickly sprouted up above 136 on high volume and set an intra-day high of 136.27 at 9:54am on strong volume. After setting a new all-time high, stormy clouds took center stage and dragged AAPL down through the morning and lunch to an intra-day low of 134.62 at 1:16pm on relatively heavy volume before quickly bouncing back above 135. AAPL continued recovery in the afternoon, reaching towards mid-135 on strong volume and ended the day up 49 cents at 135.51. AAPL gained another 7 cents in after-hours to 135.58.

This morning in pre-market, AAPL opened up higher and reached an all-time pre-market peak of 136.02 as Apple revealed WWDC is to take place on June 5-9 in San Jose. AAPL subsequently fell victim to sour Futures and dipped into the red before the bell. AAPL is currently down 2 cents at 135.49 as we approach the open.